RE:RE:RE:RE:Video Interviewstewartpid wrote: Paul / Tom ....looking at Tom's post it would appear Granada is broke. Am I missing something?
Tom said: GGM has $1,068k in current assets, but trade and other payables of $3,537k and $1,530k of secured loans.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.ggm&postid=28086521#i01At97apl3f40li.99
They have been in this position for quite a while. In December they raised $500k by selling their rights/interest back to CCW.
They are getting themselves in to a mess with the flow through funding. In order to get the tax breaks they need to spend it on exploration. The CRA are owed significant $$$ and may well take legal action unless GGM demonstrate some ability to spend cash appropriately. Next PP will be for hard cash I guess, which means it will be done at a discount to market sp and will be more dilutive.